SGB Update Outdoor
Golf Galaxy Posts Solid Q2 Results, But Lowers Sales Guidance on Tougher Business…
Golf Galaxy, Inc. celebrated its fourteenth consecutive quarter of comparable sales increases, following up last year’s 7.4% improvement with an 0.8% gain during this year’s second quarter, but missed Q2 sales guidance that called for sales in the $98 mil
Oakley Expands Share Repurchase Program
The Oakley, Inc. board of directors authorized the repurchase of up to $20 million of its common stock in the open market, from time to time, as market conditions warrant. The company also announced that it has entered into a $185 million multicurrency re
Life is Not So Good after Database Security Breach…
The LifeIsGood.com database, which contained credit card numbers and other sensitive information, was illegally accessed by intruders last week. The company stated that it is unclear if any data was copied, but the database included names, addresses, and
Golfsmith Expands Footprint with Three New Doors…
Golfsmith International Holdings, Inc. has signed leases to open three new stores in key golf and tennis markets by the end of 2006. The company will open its first store in Tucson, Ariz., its fourth in Houston, Tex., and its fifth in Chicago, Ill. The st
Yue Yuen Q3 Helped by New Developing Markets…
Yue Yuen Industrial Limited, the Chinese footwear manufacturer for brands like adidas, Nike, Timberland, Puma, and several other outdoor and athletic companies, reported sales for the fiscal third quarter increased 18.4% to $1.02 billion compared to $859.
Sport Haley Acquires Reserve Apparel…
Sport-Haley, Inc. entered into an Agreement to purchase all outstanding shares of Reserve Apparel Group, LLC, a joint venture operation between Sport Haley and Explorer Gear USA, Inc. Sport-Haley owned 51% of the J.V. and Explorer Gear owned 49%. The Agre
Federal Judge Reinstates Roadless Rule…
Several U.S. state governments and environmental groups were successful in a direct legal challenge to the current administration’s repeal of the Roadless Rule. U.S. District Judge Elizabeth Laporte ruled that the Bush Administration did not conduct a sat
Execute Sports Inks European Distribution Deal for Academy…
Execute Sports, Inc. signed a strategic partnership with UDT Distribution Corporation. Under the agreement, UDT has the exclusive rights to sell and market the Academy Snowboard Company brand throughout Europe. In addition, UDT is required to meet minimu
Veltec Inks Development Partnership with Cole
Veltec Sports entereed into a Joint Development Partnership (JDP) with wheel manufacturer Cole USA.
The project will bring Cole's patented DSA (Dynamic Spoke Alignment) technology for road and MTB wheels to market in North America for the first time.
Sport-Haley to Buy Out Balance of Reserve Apparel JV
Sport-Haley, Inc. has entered into an Agreement to purchase Explorer Gear USA, Inc.'s entire membership interest in Reserve Apparel Group, LLC and to settle all potential claims between, as applicable, Sport-Haley, Reserve Apparel, Explorer Gear and
Finish Line Net Income Nearly Halved for Q2
The Finish Line, Inc. saw net income for the second quarter ended August 26, 2006 decrease 47% to $9.9 million, or 21 cents per diluted share, from $18.9 million, or 38 cents per diluted share, for the same period last year. Net sales decreased 0.9% to $3
Nature Conservancy Finalizes Largest Land Protection Deal in NC History
The Nature Conservancy closed a deal on one of the largest land protection transactions in North Carolina’s history. The Conservancy purchased approximately 76,500 acres in 11 counties in the state’s Coastal Plain from International Paper, completing the
Rhode Island Textile Reports 200% 2006 Sales Jump
Rhode Island Textile, Co., manufacturers of Shoe Gear & High Country brands, reports a 200% increase in sales for FY 2006. Management attributed the growth to on-trend product. In addition, the company promoted..
PROBAR Appoints Ebersole as Director of Sales
PROBAR appointed Kent Ebersole as National Sales Director for their rapidly expanding outdoor division. Ebersole is best known for his many years serving as Advertising Director for Backpacker magazine…
Black Diamond Raises $33K for UAC
Black Diamond’s 13th Annual fundraising party for the Utah Avalanche Center (UAC) hosted nearly 700 backcountry enthusiasts raised more than $33,000 for the UAC, which provides daily avalanche advisories and warnings, mountain weather forecasts and avalan
